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2009/09/04

What BP's New Oil Strike Means

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September 04, 2009
 

Insider Newsletter

A weekly summary of the best in BusinessWeek and BusinessWeek.com


NEWS  THIS WEEK'S TOP STORY

What BP's New Oil Strike Means

A vast discovery in the Gulf
of Mexico is the latest
sign of success in a high-risk,
high-reward strategy

Editor's Memo
A new oil well in the Gulf of Mexico: It's not news you read every day, or even every decade, but BP recently announced a "very significant" discovery. BW London Bureau Chief Stanley Reed takes a look at how the high-stakes oil game is played these days.

And in Innovation & Design, read about how a cancer center used Six Sigma thinking to improve efficiency and help more patients.

Plus, we have stories on the shady side of social network Twitter, the cash-for-clunkers hangover, and pinot gris wines (a nice change from your summer chardonnays).
—Katherine Davis


  FROM THIS WEEK'S ISSUE OF BUSINESSWEEK
REDIRECT -- COVER STORY
The Best Places to Launch a Career
Graduates lucky enough to land a job may find the prospect of responsibility and rapid advancement surprisingly strong. But don't count on bigger salaries

TECH & YOU
Windows 7: Upgrading Can Be Hard to Do
The easy in-place upgrade is available only if you have Vista and 16 to 20 gigabytes of free disk space. Otherwise the process is highly frustrating

NEW BUSINESS
Housing's Hidden Strength
Industry lobbyists are urging more tax credits, but home sales seem to have momentum of their own

  FROM BW.COM'S TECHNOLOGY CHANNEL
VALLEY GIRL
Is Twitter Pimping Porn to Family Users?
The microblogging site makes it too easy to get spammed with off-color content, and too difficult to do something about it

INTERNET
EBay's Skype Sale Looks Like a Win-Win
Selling 65% of the Internet calling company to a team of savvy tech investors leaves eBay poised for healthy gains on a reinvigorated Skype

  FROM BW.COM'S SMALLBIZ CHANNEL
SMALL BUSINESS FINANCING
Entrepreneurs Turn to Alternative Finance
With bank lending standards not loosening any time soon, asset-based lenders, factors, and merchant cash advance providers are filling the void

SMART ANSWERS
A Gear Retailer Makes User-Generated Content Pay
Backcountry.com President John Bresee on how the online community shapes and strengthens his high-end sports equpment company

VIEWPOINT
Humility and the Successful Startup
Every skill required to form a business should be judged on make-or-buy grounds. If you don't have it, outsource it

  FROM BW.COM'S ASIA & EUROPE CHANNELS
GREEN BUSINESS
Eco-Cities: Building a Comeback?
Plans to construct "eco-cities" around the world were stunted by recession. But green developments are again luring governments and investors

JAPAN
Japan Gets a New Government
The Democratic Party of Japan has taken control of Japan's Lower House with an historic election victory

  FROM BW.COM'S LIFESTYLE CHANNEL
AUTO SALES
After the Clunker Party, an Auto Sales Hangover
U.S. government rebates helped Ford, Honda, Hyundai, and others post dramatic gains. But some of those car sales were pulled from coming months

NICK PASSMORE: WINE OF THE WEEK
The Other Pinot ... Gris, That Is
As an alternative to chardonnay, try the accessible, succulent, and affordable Lucien Albrecht Pinot Gris Reserve Romanus from Alsace

REVIEWS
Review: 2010 Ford Fusion Hybrid/Mercury Milan Hybrid
With its new Fusion and Mercury Milan hybrids, Ford brings to market the best gas-electric hybrid cars yet

  FROM BW.COM'S INNOVATION & DESIGN CHANNEL
INNOVATION
Rationalizing American Health Care
How Moffitt Cancer Center & Research Institute revamped its operations without affecting quality of care

INNOVATION
Microsoft Research Keeps Dreaming Big
Rick Rashid encourages thinkers at Microsoft's inhouse research arm to let their minds wander as they look to the future

THE INNOVATION ENGINE
Get Ideas Flowing with a Job Swap
To keep workers fresh and help inspire new ideas, try rotating jobs and departments within the company

  FROM BW.COM'S INVESTING CHANNEL
NEWS ANALYSIS
Is M&A on a Slow Upswing?
Deals such as Disney-Marvel and Baker Hughes-BJ Services suggest that merger-and-acquisition activity is gradually picking up. But don't expect a quick recovery

GENE MARCIAL'S STOCK PICKS
Marcial: A Turnaround at Limited Brands?
Better-than-expected sales at Limited's Victoria's Secret and Bath & Body Works and strength overseas are fueling optimism, but most analysts remain cautious

INVESTING
Stocks: Another Scary September Market?
Stock investors are entering their own version of the Bermuda Triangle—the month of September

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